So oil was 36.35 on 3/11 and we were all making our regular salaries, and then oil took a steep turn for the worse, and then started the climb back up to 5/15 price of 29.43. The day the pay cut was announced oil was 24.00. Today the price of oil is 37.27 as of now. That is a 55% increase in price. I understand the knee jerk reaction if oil is going to stay in the low teens, but that is just what it was a market reaction to some very weird times. Personally, I think they used the virus and oil glute to seize the opportunity to cut the pay, because they know they can't pay us our salaries at 40.00 oil. Which in itself shows you the poor planning that is going on. If not, why not give us our salaries back know at at 37.27. They sure the heck did not have a problem to cut when the price went down so fast. How about giving us back our full salaries and then adjust them back down as oil goes down, but never no more than 30%. On the other side raise them up from our normal salaries when oil goes over 37. Oh, I forgot it does not work that way, just the other. How about telling us a price per barrel target to get our full salaries back. The way it stands that could be 100.00 a barrel for all we know.
Perfectly stated, @3fgy+15fyUmna!